THE EFFECTIVENESS OF QARD AL-HASAN FINANCING ON ECONOMIC EMPOWERMENT AND POVERTY ALLEVIATION (Case Study in BMT Mitra Usaha Ummat)
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This research aims to analyze the effectiveness of qard al-hasan financing on the economic empowerment and poverty alleviation at BMT Mitra Usaha Ummat. This type of research is qualitative research using descriptive analysis method. The data is obtained through observation, interview and documentation. The respondents are the members who took qard al-hasan financing for productive purposes. To test the credibility of research data, the author uses the Triangulation technique. For the data analysis there are three processes which are data reduction, data display and conclusion. To compare the income of the respondents before and after the qard alhasan financing, the author uses the paired t-test statistical analysis. The finding of this research indicates that the qard al-hasan financing is not effective on economic empowerment and poverty alleviation. The result of paired t-test shows that the mean difference of income before and after obtaining the qard al-hasan financing is not significant. The factors why it is not significant are because of the income only can fulfill for the respondents’ basic needs, small number of buyer, and uncertain farm production determined by weather and climate.